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Take Control of How You View Your Personal Income

Updated: Oct 10


Hello Cashflow allows you to see how your business is really performing for you personally.


You may be accustomed to hearing the term: "bottom line". But this number, at the bottom of your Profit & Statement, doesn't tell you how profitable your business really is for you as the owner. We recommend you customise your Profit Tab by setting up your Owner Earnings with these three

simple steps:



Step 1:


Go to your Profit Tab and scroll down until you see the Configure earnings button on the right of the screen. Click here.


Step 2:


Scroll down the list of expenses categories until you see the account that your owner earnings is coded to in your accounting software. Tick the appropriate boxes and then click on Save and Close.


Pro Tip: If you do not take "Owner Earnings" from your business and, therefore, do not have any expense category for Owners' Wages (eg. if you are a sole trader or not-for-profit), the Profit Reports will continue to remind you to configure the settings. To remove this reminder, click on the pink No owner remuneration at the top right corner of the Configure Settings screen as shown below:



Step 3:


View your profit for the month.


  1. Profit Earned: Your business made a bottom line net profit of $10,000 after subtracting all expenses from your revenue, including your own wages.


  2. Owner Wages: You paid yourself $5,000 in wages as the owner. This is the amount you took out of the business for your personal income.


  3. Total Owner Remuneration: Adding your profit and wages together, your business profitability is actually $15,000.


Incorporating the Owner Earnings feature is a game-changer for understanding how your business is truly working for you this month. By factoring in both your business's net profit and the personal income you take out, you can make more informed decisions about your business and ensure you're maximising its value for you!




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